Ethereum

The Office of Foreign Assets Control (OFAC), a watchdog agency tasked with preventing sanctions violations, on Monday added Tornado Cash to its Specially Designated Nationals list, a running tally of blacklisted people, entities and cryptocurrency addresses. Tornado Cash has been a key tool for the Lazarus Group, a North Korean hacking group tied to the $625 million March hack of Axie Infinity’s Ronin Network, according to the Treasury Department. Source link

“I think decentralized stablecoins, like [Tron stablecoin] USDD, [a] decentralized U.S. dollar, is still essential to our industry because, as we all know, all the components of [decentralized finance] today it’s all decentralized … except stablecoins,” Sun said. Source link

Ethereum (ETH) took off over the weekend and has extended its gains during today’s trading session. The second crypto by market cap could extend its gains, as “The Merge” becomes a certainty. The event that will complete Ethereum’s transition from a Proof-of-Work (PoW) to a Proo-of-Stake (PoS) consensus algorithm, “The Merge” has been set for September 2022. One of the most expected dates in the crypto industry, market participants seem divided on its short-term… Source link

Image source: Getty Images ETH co-founder Vitalek Buterin spoke at a blockchain meeting in Korea today, predicting the Ethereum Merge will transform crypto payments and the entire digital asset class. Key points Ethereum’s in-house coin — ETH — was up 6% to as high as $1,806.89 during the… Source link

“The ETH futures market has been digesting the possibility, as basis is currently negative, coalescing around the December 2022 expiry,” said Ainsley To, a senior research analyst at Genesis Global Trading, which is owned by Digital Currency Group, CoinDesk’s parent company. Source link

Ethereum surged to a two-month high on Monday, as crypto prices have mostly moved higher following Friday’s nonfarm payrolls report. Bitcoin rose to a one-week high, as the token climbed above $24,000 to start the week. Overall, the global market cap is trading 4.11% higher as of writing. Bitcoin Bitcoin (BTC) was up for a second successive session to start the week, with prices moving closer to a key resistance level. Following a low of $23,024.80 on Sunday, BTC/USD rallied to an… Source link

Any currency must have an exchange value, i.e., it can be exchanged for products or services. Cryptocurrency has been trying to bridge this usability gap for a while now; however, to make it popular as a means of payment, the industry was marred with periods of high transaction fees. Ethereum, the second-largest cryptocurrency and the leader of altcoins, has become synonymous with high gas fees. Acknowledging the same, the co-founder of Ethereum, Vitalik Buterin, noted that the crypto… Source link

A popular crypto strategist says that a breakout rally is in sight for leading smart contract platform Ethereum (ETH). The crypto analyst known in the industry as Kaleo tells his 531,000 Twitter followers that Ethereum has broken out of its diagonal resistance against Bitcoin (ETH/BTC), and the pair looks primed for a new leg up. “ETH/BTC looks ready to finally rip higher… This is bullish.” Source: Kaleo/Twitter At time of writing, the ETH/BTC pair is trading for 0.073 BTC… Source link

The king of altcoins has shared a close correlation with Bitcoin since forever. Needless to say, every move made by the king coin has had some impact on Ethereum. That dynamic is beginning to change, however, and this might bear a good result for the second-generation cryptocurrency and its investors. Ethereum rises beyond Bitcoin Over the last couple of weeks, the crypto-market has fluctuated between bullish and bearish. Although on a macro time frame, Ethereum has gained… Source link

Ethereum co-founder Vitalik Buterin said the blockchain’s software transition is unlikely to be significantly impacted even if some miners gravitate to alternative chains to mint tokens. Ethereum Classic, an earlier fork which still uses the proof-of-work mechanism that relies on massive electricity, could be one of the biggest beneficiaries of any miner exodus. Ethereum’s upgrade is expected to impact earnings for as many as one million miners. Some that are already looking for a… Source link